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Did Obama Just Throw Keynes Under the Bus?
BenjaminShapiro.com ^ | 02-11-10 | Ben Shapiro

Posted on 02/11/2010 8:14:01 AM PST by UltraConservative

Today, President Obama made the most stunning remarks on the economy he has made during his tenure:

"For growth to be truly sustainable -- for our prosperity to be truly shared and our living standards to actually rise -- we need to move beyond an economy that is fueled by budget deficits and consumer demand," the president said.

"In other words, in order to create jobs and raise incomes for the middle class over the long run, we need to export more and borrow less from around the world, and we need to save more money and take on less debt here at home."

This is an incredible admission from the nation's leading advocate of inflating and spending your way out of recession ...

Read more here.


TOPICS: Business/Economy; Constitution/Conservatism; Government; News/Current Events
KEYWORDS: hayek; keynes; obama; shapiro

1 posted on 02/11/2010 8:14:02 AM PST by UltraConservative
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To: UltraConservative

Don’t pay any attention the whatever he says. It’s what he DOES that matters. He’ll say anything that will get his poll numbers above 50% and do absolutely the opposite of what he says...............


2 posted on 02/11/2010 8:16:26 AM PST by Red Badger (Education makes people easy to lead, difficult to drive; easy to govern, but impossible to enslave.)
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To: UltraConservative

rhetoric


3 posted on 02/11/2010 8:16:41 AM PST by Cheap_Hessian (I am the Grim FReeper.)
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To: UltraConservative

Is Zero taking a page out of Clintoon’s Presidency? We will have to wait and see. Zero is good at SAYING one thing and DOING the exact opposite.


4 posted on 02/11/2010 8:16:47 AM PST by originalbuckeye
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To: UltraConservative

Zer0 is still a f’n retarded empty suit.


5 posted on 02/11/2010 8:18:39 AM PST by Paladin2
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To: Red Badger

muzzies lie... it is what they do best... that and chopping heads off.

LLS


6 posted on 02/11/2010 8:19:05 AM PST by LibLieSlayer (hussama will never be my president... NEVER!)
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To: Red Badger

That’s what his lackeys are for. To do the exact opposite of what he says. I’m amazed that there are still people on the right who haven’t figured it out yet.


7 posted on 02/11/2010 8:19:36 AM PST by cripplecreek (Seniors, the new shovel ready project under socialized medicine.)
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To: originalbuckeye

Do not pay attention to what Obama says. He will say ANYTHING. We only need pay attention to what he does. Once more people figure out that his words mean nothing, they will pay attention to his policies which are destroying the country.


8 posted on 02/11/2010 8:21:14 AM PST by milwguy
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To: UltraConservative

He is really just saying that he wants to purposely devalue the dollar to nominally increase wages and artificially boost exports. That’s a great plan.


9 posted on 02/11/2010 8:21:49 AM PST by Cheap_Hessian (I am the Grim FReeper.)
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To: Cheap_Hessian
Yes, it's unfortunate that he doesn't really mean it, because his statement is correct.

Excess consumption combined with massive Bismarckian social welfare is a guaranteed failure, and we're seeing it play across Europe now, and America pretty soon.

True economic strength is based upon things like the use of natural resources, agriculture, and industrial production.

10 posted on 02/11/2010 8:22:16 AM PST by jpl
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To: UltraConservative
Kill the UAW and the economy will take off like a rocket-ship.
11 posted on 02/11/2010 8:22:56 AM PST by E. Pluribus Unum (Islam is a religion of peace, and Muslims reserve the right to kill anyone who says otherwise.)
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To: UltraConservative
Just distracting us so he can throw us under!
12 posted on 02/11/2010 8:24:34 AM PST by Kartographer (".. we mutually pledge to each other our lives, our fortunes, and our sacred honor.")
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To: UltraConservative

This is Keynesian. That philosophy isn’t just “spend your way out of a recession”, it also rails against perpetual trade deficits and argues for the implementation of tariffs to arrest their growth. Obama is 100% on board with Keynesian economic policies, and this further cements that fact.


13 posted on 02/11/2010 8:24:39 AM PST by Nova442 ("Cry Havoc and let slip the Dogs of War.")
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To: UltraConservative
"In other words, in order to create jobs and raise incomes for the middle class over the long run, we need to export more...

OK, so how do you export more when you've priced your local labor higher than global labor? Oh, that's right--import more illegal labor and let employers pay them slave wages while you look the other way.

14 posted on 02/11/2010 8:25:37 AM PST by randog (Tap into America!)
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To: UltraConservative

all democrats talk like republicans when they get worried about re-election


15 posted on 02/11/2010 8:26:23 AM PST by silverleaf (My Proposed Federal Budget is $29.99)
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To: UltraConservative
-- we need to move beyond an economy that is fueled by budget deficits and consumer demand," the president said.

Coming from the same guy who last week submitted a budget with an astronomicle, record smashing 1.5 TRILLION dollar deficit.

The disconnnect between what this man says and what he does is impossible. He's either a blatant craven liar who really believes EVERYONE who hears him is a deluded moron, or he himself is a deluded moron.

Incredible.

16 posted on 02/11/2010 8:27:17 AM PST by AAABEST (Et lux in tenebris lucet: et tenebrae eam non comprehenderunt)
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To: UltraConservative

“....we need to move beyond an economy that is fueled by budget deficits and consumer demand,” the president said.”

Well...I am glad to hear he plans to repeal NAFTA.....


17 posted on 02/11/2010 8:28:56 AM PST by mo
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To: silverleaf
all democrats talk like republicans when they get worried about re-election

Just like the RINOs that talk like conservatives every election cycle.

18 posted on 02/11/2010 8:35:03 AM PST by houeto (Remember in November!)
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To: UltraConservative
0bama is becoming Clintoon.

What he is saying are focus-group vetted phrases.


19 posted on 02/11/2010 8:36:19 AM PST by Uri’el-2012 (Psalm 119:174 I long for Your salvation, YHvH, Your law is my delight.)
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To: houeto

yeppers- RINO’s campaign like conservatives and govern like democrats

and democrats campaign like conservatives and govern like, well, democrats

D.OH! Time to clean House, bottom to top


20 posted on 02/11/2010 8:38:04 AM PST by silverleaf (My Proposed Federal Budget is $29.99)
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To: AAABEST
"an astronomicle"?

Some kind of giant cancerous wort?

21 posted on 02/11/2010 8:38:19 AM PST by Paladin2
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To: Nova442
For all to consider:

http://online.wsj.com/article/SB124173036742997785.html

Thirty years ago this week, Margaret Thatcher led her Conservative Party to victory and set the scene for a wave of privatization and deregulation across the Anglosphere. From the Keynesian mindset that delivered economic stagflation and turmoil in the 1970s, the U.K. as well as the U.S. and the Antipodes moved to an era of sounder policy and more durable prosperity. Today, as the cause for small government and free markets appears quixotic, it is easy to forget how depressing things looked three decades ago and how the economic reforms unleashed by the Thatcher Revolution led to a golden age.

and...

But has the age of Thatcher, Reagan and Howard been consigned to the dustbin of history? With today's global financial turmoil, U.S. President Barack Obama, U.K. Prime Minister Gordon Brown and Mr. Rudd champion the politics of envy and the discredited economics of the Keynesian welfare state and demand management.

22 posted on 02/11/2010 8:41:39 AM PST by ThomasMore (Patrick Henry and Joe Wilson...Patriots past and present!)
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To: UltraConservative

Obama’s words are just as useless as he is.


23 posted on 02/11/2010 8:42:59 AM PST by Vaduz
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To: Red Badger
Don’t pay any attention the whatever he says.

Ding ding ding!

24 posted on 02/11/2010 8:44:17 AM PST by Terabitten (Vets wrote a blank check, payable to the Constitution, for an amount up to and including their life.)
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To: UltraConservative
More triangulation of the sort we saw in the SOTU.

He tells everyone what they want to hear and then sets about implementing his original program.

As Rasmussen polls have shown, voters are so desperate for good news, they'll believe him (temporarily).

BTW, this kind of ploy is only available to pathological liars...honest men and women just can't stomach telling such whoppers.

25 posted on 02/11/2010 8:44:56 AM PST by SonOfDarkSkies (Luke 12:34 -- For where your treasure is, there will your heart be also.)
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To: UltraConservative
"For growth to be truly sustainable -- for our prosperity to be truly shared and our living standards to actually rise -- we need to move beyond an economy that is fueled by budget deficits and consumer demand,"

The Obamination slipped up, and admitted his true nature! He wants prosperity to be truly shared! He wants those that sit on their a**es to get the same economic benefits as those that invest in education and work to support themselves! He wants an economy not driven by consumer demand -- he wants the government to drive the economy, rather than consumers.

Sounds just like communism, an economy centrally driven by the government, where everyone is equally miserable. His utopia already exists in China. Perhaps he should move there.

May our parents forgive us for squandering their sacrifices by electing this communist b*stard. May our children forgive us for recklessly endangering their future.

26 posted on 02/11/2010 9:16:43 AM PST by GulchBound (Who owns you?)
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To: UltraConservative

No. Nothing but empty words. He will throw money down the big government drain faster than ever, and claim at the same time that he is balancing the budget.

Only Bush left him such a terrible mess, it will take more time to do it.

What politicians LOVE about Keynes is that he gives them permission to print as much pork as they want.

When critics asked where this would lead in the long run, Keynes famously responsed; “In the long run we are all dead.” Not so widely known, perhaps, is the fact that Keynes was an open homosexual, even back when it was illegal. So, he didn’t give a damn about what would happen down the line to other people’s children. He didn’t have any children, and had no interest in them.

Barry is probably gay, too. So what does he care about children, beyond using them as cover and as photo ops?


27 posted on 02/11/2010 9:35:55 AM PST by Cicero (Marcus Tullius)
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To: UltraConservative

“For growth to be truly sustainable — for our prosperity to be truly shared and our living standards to actually rise — we need to move beyond an economy that is fueled by budget deficits and consumer demand,”

To me that sounds like he is joining the far-left in their calls to abandon consumerism and move to sustainable collective organic farms where we can all sing kumbaya.


28 posted on 02/11/2010 9:40:13 AM PST by Buckeye McFrog
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To: UltraConservative

i had to look to see if this came from the onion or debka...

t


29 posted on 02/11/2010 10:00:35 AM PST by teeman8r (anarchy is preferred over tyranny)
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To: UltraConservative
Blah blah blah.

It's talk, people. Believe what the man does, not what he says.

He's just going through the predictable "move toward the center" rhetoric that every liberal spouts as election time nears.

30 posted on 02/11/2010 10:06:00 AM PST by TChris ("Hello", the politician lied.)
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To: Red Badger
LOL!

I should have read your post before I wrote mine. I duplicated part of it nearly word for word. :-)

31 posted on 02/11/2010 10:07:07 AM PST by TChris ("Hello", the politician lied.)
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To: TChris

GMTA!................


32 posted on 02/11/2010 10:10:33 AM PST by Red Badger (Education makes people easy to lead, difficult to drive; easy to govern, but impossible to enslave.)
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To: UltraConservative

“In other words, in order to create jobs and raise incomes for the middle class over the long run, we need to export more and borrow less from around the world, and we need to save more money and take on less debt here at home.”

I do not think that Obama would say that at all. I think he and his affiliates are in favor of a perpetual austerity program of living within an envelope of decreasing means consistent with an eventual reduction of population and economy of the US using multiple “progressive” measures. Neither party is voicing any thoughts of even partial reindustrialization except in terms of “green, alternate energy”, which is inadequate for the purposes of succoring a population of 300 million persons.


33 posted on 02/11/2010 10:11:07 AM PST by givemELL (Does Taiwan Meet the Criteria to Qualify as an "Overseas Territory of the United States"? by Richar)
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To: UltraConservative
Joe Wilson was right.
34 posted on 02/11/2010 10:16:33 AM PST by McGruff (Don't criticize. Explain to me who I should support other than Sarah Palin.)
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To: UltraConservative

Obama will ONLY throw Keynesian economics under the bus when he feels he can instead pursue Leninist or Marxist economics.


35 posted on 02/11/2010 11:04:00 AM PST by Recovering_Democrat
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To: originalbuckeye

Maybe the obamaramalamadamadingdong has hired Dick Morris? Morris always seems to go where the $$$$ is & seems to be real proud of selling us out for more as he brags about how he helped clintoon.


36 posted on 02/11/2010 12:17:47 PM PST by certrtwngnut (go to you tube @see screw the state of n.j.)
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To: UltraConservative; All
IMHO, he thinks of America as a milch cow, fat and stupid, to be milked for every "progressive" fool notion and third-world dictator.

For instance, if you were worried about America's "carbon footprint", why would you claim a need for a $1TRILLION dollar "stimulus" to grow the economy?

Someone smarter than me once said, "character is revealed by what you do when no one is watching"

In this case, even if Obama tacks to the center, he has already revealed his contempt for America, for bipartisanship, for capitalism, etc. His czars lack confirmation by the Senate and he has riddled the bureaucracy with hard leftist nutjobs like himself. He spent 20 years in the self-satisfied company of Ayers and Wright; only a fool would think he has changed in one month.

YMMV

37 posted on 02/11/2010 3:15:03 PM PST by bt_dooftlook (ACORN = Another Communist-Overrun Rats-Nest)
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